Wolfers: For nine out of the last 10 presidencies, if you’d said, “How much should we blame the president for what’s going on with the economy right now?” I would have said that the president is just one factor among many.
That’s what I would have said nine out of 10 times. This is the 10th time.
There’s literally no question about the cause of the current oil price spike. It is that we decided to go to war in Iran on an open-ended, ill-defined mission, and we’re not quite sure what to do. The Iranians took over the Strait of Hormuz, and now the global economy is substantially fractured and global energy markets are in disarray. There’s no question about what caused that. We know that because we actually saw things get a little bit better in June during the ceasefire, but those happy days are behind us.
There’s also no question that tariffs are a complete own goal. They’ve led to higher prices paid by Americans. And that, I think, explains why, if you look at the United States compared to our peers in the G7—think of these as other economies that are kind of like, if the U.S. economy had mates, this is who they’d be—comparable large industrialized economies, the United States right now has higher inflation than any of them. We’re number one, but it’s not one of those good number ones.
And let me just add: it really does hurt my heart because we know how not to screw things up. Any economics textbook, anyone who’s taken introductory economics, would know that there are large economic costs to going to war. They would know that starting a global trade war in a chaotic and incoherent fashion is all downside and no upside.
🚨🇮🇷🇺🇸🇺🇳 BREAKING: UN Official Mohamad Safa RESIGNS over preparations for NUCLEAR STRIKE on Iran
'People do not understand the gravity. They’re planning to NUKE 10 MILLION, regular working-class people with DREAMS!'
Kentucky fans, please hear me out for a second.
The negativity and bashing of players has obviously crossed a line, I’m extremely guilty of this myself. The players see this, recruits see this, coaches see this and it does nothing but harm and sabotage our future for the program. I understand this past season was no where near what we thought it would be, but that is now in the past and there’s nothing we can do to change what has happened. Pope will be our coach for at least the next season and the best thing we can do as fans is to back the players and recruits coming in.
Nobody wants to be apart of something that only creates negativity and slander, and it’s seemed to have a direct impact on the decisions of current and potential future players. Again I understand you have the right as a fan to say what you think, but please think about how you can actively be hurting the team and program you love.
Back this team and back our coach, and quit attacking 18-21 year old athletes.
#BePositive #BBN #Catsby90
Let me remind everyone that these "kids" make more money than most people in the state of Kentucky. They should be criticized if they are playing horribly #BBN
I don’t think people realize how much healthcare costs are driving big companies to fire and not hire.
It costs them $30k per family, per year for premiums and care. Most of that goes to the massive, vertically integrated insurance companies that send weekly bills that no one reviews in details. And it doesn’t include the company overhead to deal with it all. It’s usually the 2nd largest expense after payroll. Which is insane
It’s far easier to blame AI than it is to blame Healthcare costs.
Want to increase jobs, wages and improve affordability for every American ?
Break up the biggest insurance companies. Make divest non insurance companies. They don’t need thousands of subsidiaries. That’s how they game and abuse the system and increase costs for all of us.
Call your senator and tell them to support the BreakUp Big Medicine Bill by @HawleyMO and @SenWarren.
The Iranian students I met at the University of Kentucky were smart, kind, and thoughtful. Now I'm supposed to believe bombing their power plants is a good idea? Plunging innocent people into darkness and suffering is pointless & evil. Do better!
BREAKING: Iran responds to President Trump's threat to "obliterate" Iranian power plants if the Strait of Hormuz is not opened "within 48 hours."
Iran's response:
1. Iran will "completely close" the Strait of Hormuz
2. Iran will hit “vital” infrastructure in the Middle East
3. This includes energy, IT, and water desalination facilities
4. Iran’s senior military commander says the country’s military strategy has shifted from defensive to offensive
5. Iranian officials say the country has enough reserves of essential goods to last for up to one year
Trump's deadline has 33 hours remaining.
When I had to listen to people say
‘Keep to charts, politics has nothing to do with the market’
I think we need to be honest with ourselves
Trump has been awful for the market.
At its height, only 9 to 10% of Germanys population were members of the Nazi party, up to and including World War Two.
All it takes for fascism to succeed is the silence of the rest. Silence is a luxury you can’t afford any longer.
SILENCE IS COMPLICITY!
A forcible takeover of Greenland, a warrantless assault on an ally, is a crime. Military leadership involved in such an operation are guilty of a war crime.
Trump didn’t hide his grades because they were good.
He didn’t hide his medical records because he’s healthy.
He didn’t suppress the Epstein files because he’s innocent.
And he’s not blocking the jobs report and 3rd-quarter GDP numbers because they’re strong.
A fascinating piece about life as an in-the-trenches GOP operative in the Trump era and the compromises you have to make. Almost all are now fully bought in. But some remain concerned. This one decided he had enough.
https://t.co/tT1obwXdTP
Trump will do all he can to “fix” the 2026 and 2028 elections to secure MAGA victories by every method he can muster, however blatantly illegal and unconstitutional.
If every eligible voter shows up, we can overwhelm his schemes.
Otherwise, our way of life is doomed.
OK, somebody explain to me like I’m a child why America is choosing spend hundreds of billions of dollars to deport 4% of its workforce, while pissing off its international trading partners around the world.
Meanwhile China has managed to eradicate poverty and is now producing 70% of the world’s electric vehicles, is a decade ahead in nuclear energy and power generation. That’s before we talk about AI advances.
The US is choosing to be a global bully because it’s falling behind a country that used money it invested in cheap labor to beat it at its own game and fill the vacuum it’s created by choosing to depart the global stage. Trump is committing the biggest act of economic self-harm in US history.
This isn’t a fight they’re losing, it’s one they’ve already lost and business leaders are openly admitting it.
🎥 TikTok - https://t.co/rHp37fMkzb